Blockchain.com cryptocurrency exchange announced the move of its US headquarters from New York to Miami and the expansion of the state.
As part of its scaling plan, the company expects to hire 100 employees by the end of the year and another 200 in 2022. They noted that the reason for the move was Miami’s favorable regulatory framework.
According to the press release, Blockchain.com will also expand its product line and support the local STEM community through educational programs.
“The Internet will be the largest economy in the world by 2030, and cryptocurrency is the financial system built to support it. Miami recognizes the potential of the industry and we look forward to contributing to the city’s rich innovation ecosystem,” said Blockchain.com CEO Peter Smith.
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Miami Mayor Francis Suarez noted that the move of the bitcoin exchange “reflects the essence of the movement” of the city.
For the first time, Suarez spoke about his investments in early May. According to him, he made this decision after the approval of the US Senate of the plan to rescue the economy by $ 1.9 trillion.
Earlier, the Mayor of Miami said that he was “open to exploring” the possibility of investing 1% of the city’s budget reserves in digital gold.
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In early 2021, the official spoke about the possibility of paying salaries to civil servants in bitcoin and announced his desire to create a center for bitcoin mining in the city.